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Macro

Investment growth slows as developers shore up balance sheets

17 May 2012

Property investment growth slowed to 18.7% YoY in the first four months of 2012, the first time that growth has fallen below 20% in the past three years. Furthermore, a National Bureau of Statistics index of real estate investment declined to 95.62 in April, the lowest level since May 2009. Meanwhile, sales data for April shows that leading developers are aggressively discounting properties to achieve quick sales in order to improve balance sheets and refinance debts that are due to mature

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